Welligence Latin America Q4 2025 M&A Quarterly | Argentina and Brazil continue to lead M&A activity
February 3, 2026
Latin America Q4 2025 ended with five deals announced, keeping pace with the five deals in Q3 2025 and surpassing the three deals in Q4 2024. While Argentina and Brazil had two deals each, Uruguay saw its first upstream transaction. Ending the year with 33 announced deals, up from 26 in 2024. Activity was driven by Argentina, which recorded 14 transactions, unchanged from 2024.